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Knowledge markets: a typology and an overview

Knowledge markets: a typology and an overview Knowledge markets are defined as value exchange systems where the quantity, quality and terms of interactions amongst agents are determined primordially by the dynamic properties of intellectual capital creation and exchange. Such properties include the attributes of knowledge-based value production as well as a distinctive ethos and organisational design. Based on this definition, an array of ten types of knowledge markets is introduced, with a synthetic characterisation for each category. First level types are: intellectual capital dealing, open dealing, crowd dealing, cooperative dealing, non-monetary dealing, social dealing, alternative currencies plus incentive regimes, alternative banking, open knowledge labs and emerging knowledge markets. Each category is broken down into subtypes, each subtype in turn characterised and/or exemplified. The typology description is accompanied by an extensive and updated literature review. The resulting map of knowledge markets may contribute to understand the uniqueness of these novel value-generation arrangements and capitalise on their transformative power. Keywords: knowledge markets, knowledge-based value exchange, capital systems Reference to this paper should be made as follows: Carrillo, F.J. (2016) `Knowledge markets: a typology and an overview', Int. J. Knowledge-Based Development, Vol. 7, No. 3, pp.264­289. Biographical notes: Francisco Javier Carrillo is a Professor of Knowledge Management and http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Knowledge-Based Development Inderscience Publishers

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Publisher
Inderscience Publishers
Copyright
Copyright © 2016 Inderscience Enterprises Ltd.
ISSN
2040-4468
eISSN
2040-4476
DOI
10.1504/IJKBD.2016.078540
Publisher site
See Article on Publisher Site

Abstract

Knowledge markets are defined as value exchange systems where the quantity, quality and terms of interactions amongst agents are determined primordially by the dynamic properties of intellectual capital creation and exchange. Such properties include the attributes of knowledge-based value production as well as a distinctive ethos and organisational design. Based on this definition, an array of ten types of knowledge markets is introduced, with a synthetic characterisation for each category. First level types are: intellectual capital dealing, open dealing, crowd dealing, cooperative dealing, non-monetary dealing, social dealing, alternative currencies plus incentive regimes, alternative banking, open knowledge labs and emerging knowledge markets. Each category is broken down into subtypes, each subtype in turn characterised and/or exemplified. The typology description is accompanied by an extensive and updated literature review. The resulting map of knowledge markets may contribute to understand the uniqueness of these novel value-generation arrangements and capitalise on their transformative power. Keywords: knowledge markets, knowledge-based value exchange, capital systems Reference to this paper should be made as follows: Carrillo, F.J. (2016) `Knowledge markets: a typology and an overview', Int. J. Knowledge-Based Development, Vol. 7, No. 3, pp.264­289. Biographical notes: Francisco Javier Carrillo is a Professor of Knowledge Management and

Journal

International Journal of Knowledge-Based DevelopmentInderscience Publishers

Published: Jan 1, 2016

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